From Reuters: Quam Ltd is partnering Abu Dhabi government-owned Invest AD to launch a Middle East equities fund targeted at Asian investors. Invest AD, formerly known as Abu Dhabi Investment Company, is a wholly-owned by sovereign wealth fund Abu Dhabi Investment Council. The firm began managing third-party money a year ago.
The Quam Middle East fund will look to raise around $50 million to invest primarily in companies in the UAE, said Bernard Pouliot, chairman of Quam. “After what happened with Dubai, unfortunately the whole region got painted with the same brush……………………………………….Full Article: Source